Johnson Murkett & Hurst

Newsletter...

Enews - May 2019

In this month's Enews we report on the latest guidance for employers, revised VAT fuel scale charges and the consultation to extend IR35. We also update you on the latest springtime tax scam and the government's commitment to implement a pensions dashboard. With an update on Money Laundering failings, reaction to the flexible extension to Article 50 and a further delay to Scottish Air Departure Tax, there is a lot to update you on.

VAT fuel scale charges
HMRC has issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2019. VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by the business.......read more

Latest guidance for employers
HMRC has issued the latest version of the Employer Bulletin. This April edition has articles on a number of issues including: Cash Allowances, Flexible Benefits Packages and Salary Sacrifice........read more

Government confirms implementation of pensions dashboards
The government has confirmed that the initiative to introduce a pensions dashboard will go ahead. Pensions dashboards will allow those saving for retirement to view information from multiple pensions in one place stating that the dashboard will 'open up pensions to millions', and 'provide an easy-to-access online view of a saver's pensions'........read more

'Springtime' tax scams target young people
HMRC has warned young people in the UK to 'stay vigilant' in order to avoid falling victim to 'Springtime' tax refund scams. Criminals often target young individuals or the elderly as these groups of people are likely to be less familiar with the UK tax system. During the months of April and May, criminals often bombard taxpayers with tax refund scams....... read more

Money Laundering
HMRC has published a list of businesses that have not met their obligations under the Money Laundering Regulations. As a supervisor of the Money Laundering Regulations HMRC has a duty to publish details of businesses that have been penalised for not complying with the regulations.........read more

'Flexible extension' to Article 50
Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have commented on the six-month 'flexible' extension of Article 50, granted to the UK by EU leaders. The extension potentially pushes 'Brexit Day', the day when the UK officially leaves the EU, to 31 October 2019........ read more

Scottish Air Departure Tax plans further delayed
The Scottish government has further delayed its plans to replace Air Passenger Duty (APD) with Air Departure Tax (ADT). The plans to introduce ADT have been delayed beyond 2020. In 2016, as part of the Scotland Act, the Scottish Parliament was given devolved powers to charge tax on travellers leaving Scottish airports........ read more